2013 SeriousGivers financial report

Financial ReportBecause its 2013 revenue was far below $50,000, SeriousGivers filed the simplified IRS Form 990-N. Form 990-N, however, provides no meaningful financial information.

Nonprofits should be open about their finances and operations. So SeriousGivers is providing this unaudited financial report covering calendar 2013.

Financial Report

  • The overall net loss for 2013 was $4,917. That resulted from
    • Total income of $998. 
      • $797 came from donations and data entry sponsorships.
      • $187 came from publication sales.
    • Total expenses of $5,915.
      • $5,215 want to direct costs of providing SeriousGivers.org, CharityCheck101.org, the Doing Good Matters podcast and other SeriousGivers services.
      • $675 went to training and conference costs.
      • $1 went to personnel (CEO compensation).
  • At December 31, 2013, net assets totaled $3,440. That reflects
    • $8,440 in assets.
    • $5,000 in liabilities (excludes contingent liability to CEO for unpaid prior year services).

Background

Nonprofits that had $50,000 or more of revenue in 2013 are required to file a Form 990-EZ, Form 990 or Form 990-PF with the IRS.